As part of its support of small and medium-sized enterprises (SMEs) and their role in job creation, Bank of America (BofA) has loaned US$25.9bn to these businesses in 3Q10.
In the first nine months of 2010, the bank loaned a total of US$71.2bn to SMEs – those with less than US$50m in annual revenues. That amount represents an increase of US$12.6bn over the same period last year.
“In this challenging economy, small and medium-sized businesses are vital to the nation’s ongoing recovery. Without their help, creating new jobs will continue to be a challenge,” said David Darnell, president of global commercial banking for BofA. “While we continue trying to make every good loan we can, demand for new credit among smaller businesses remains limited. Business owners instead have told us their greatest need is more demand for their goods and services.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
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